Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

owner says no to owner financing

Author Message
Icon Mini Profile coyotejoes





Joined: 08 Feb 2011

Posts: 1

1.35 Dollars($)
Post Posted: Tue Feb 08, 2011 4:23 pm    Post subject: owner says no to owner financing
Like 0
Dislike 0

entered into a contract for lease with option for owner financing after 24 payments and all payments go to the down payment.I have a contract signed and notarized by seller.Is the seller allowed to change his mind after being there for the 24 month period and all payments have been made????????I am self employed and this is a commercial property that I have a thriving business in that has taken 16 months to grow,now the owner thinks he can keep it going so possibly wants to not owner finance in hopes of getting the property back....i would not have started a business at this location without the option on the property.....
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10477
Location: Nevada
990.06 Dollars($)
Post Posted: Tue Feb 08, 2011 8:19 pm    Post subject:
Like 0
Dislike 0

Hi coyotejoes,

Once the contract is signed, the owner cannot change it. If the owner changes it, he or she will have to take your permission in this regard.

Thanks
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.055 seconds.